NEW DELHI: After reporting a lower-than-expected Q1FY2023 results, shareholders have given a major thumbs down to shares of Mukesh Ambani’s Reliance Industries (RIL). The stock of the country’s most valuable firm plummeted over 3% on Monday to close at Rs 2,417 even as many brokerages maintain a ‘buy’ status on the stock. They, however, expect near-term gross refinery pressure for the company, among other challenges.
